There has been reports that SNB (Swiss National Bank) will intervene due to an overvalued CHF. An overvalued currency impacts their export focused economy. The report states that SNB will be buying foreign currencies mainly USD to lower down CHF value.
In this chart you will see that DXY has broke trend and pulled back and is bouncing off D1 support level. I expect the currency to rise from here as CHF value will continue to weaken.
In this chart you will see that DXY has broke trend and pulled back and is bouncing off D1 support level. I expect the currency to rise from here as CHF value will continue to weaken.